The giant bubble tea chain Mixue IPO in HK
By selling Ice Lemonade priced less than $1… See the previous post: A Sweet Lemon Tale — How MiXue Dominates China’s Lemonade Scene via Supply Chain Mixue - known for its cheap drinks and red-cloaked Snow King mascot - raised 444 million USD in an initial public offering by selling 17 million shares in the deal at a fixed price of HKD 202.5 each. Reuters. Founded in 1997 as a small ice shop in Zhengzhou, Henan province, Mixue has grown into a franchise giant with over 45,000 stores globally by September 2024, surpassing Starbucks’ 40,576 stores worldwide....